Freeport-McMoRan's Long-Term Potential Not Blighted By Energy Acquisition
When Freeport-McMoRan Copper & Gold (NYSE: FCX ) announced $9 billion in energy acquisitions, the market reaction was fast and furious: Over a two-day period, the stock plunged from nearly 40 to barely 30, and the panic was palpable. To be sure, few expected the purchase of Plains Exploration ...
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